## Angulimala 

The Buddhist Prison Chaplaincy 

Trustees Annual Report and Financial Statements For the year ended 31[st] March 2021 

Registered Charity No: 1174475 



Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Contents page 

||Page|
|---|---|
|Reference and Administrative details|2|
|Trustees Report and Strategic Review|3 – 9|
|Independent Examiner’s Report to the Trustees|10|
|Financial Statements||
|Statement of Financial Activities|11|
|Balance Sheet|12|
|Notes to the Financial Statements|13 – 19|



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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Reference and Administrative details 

Registered charity number 1174475 Scottish Registered charity number SC051174 (from 3 August 2021) 

## **Principle Address** 

The Forest Hermitage Lower Fulbrook Warwickshire CV35 8AS 

## **Bankers** 

CAF Bank Ltd 25 Kings Hill West Malling Kent ME19 4JQ 

## **Independent Examiner** 

Ruth Bamford BFP, FCA Balanced Accountancy Ltd Plestor House Business Centre Farnham Road, West Liss Hampshire, GU33 6JQ 

## **Trustees** 

Venerable Khemadhammo Mahathera O.B.E. Dr. Nigel Francis Northcott Rev. David Houn Saido Kennaway Mr. Dominic Clark Ms. Jennifer Lichfield 

## **Spiritual Director** 

Venerable Khemadhammo Mahathera O.B.E. 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Trustees’ Report and Strategic Review 

The Board of Trustees present their report and financial statements for the year ended 31 March 2021. These comply with current statutory requirements, the charity’s constitution, and Statement of Recommended Practice – Accounting and Reporting by Charities: SORP applicable to charities preparing accounts under FRS102. 

## Structure, governance, and management 

## Governing document 

The Principal Deed, adopted on 22 July 2017, as amended at a general meeting of the Members on 1 September 2018, is the governing document of Angulimala, the Buddhist Prison Chaplaincy. The objects of the charity are as follows: 

To make available facilities for the teaching and practice of Buddhism in Her Majesty’s Prisons and other places of lawful detention or custody. Specifically: 

i) To recruit and advise a team of Buddhist visiting chaplains to be available as soon as there is a call for their services; 

ii) To act in an advisory capacity, and to liaise with Ministry of Justice chaplaincy officials, with individual chaplains within Her Majesty’s Prisons, and with any other relevant bodies or officials; 

iii) To provide an aftercare and advisory service for prisoners after release. 

The Constitution was amended on 1 September 2018 when the following clause was added to allow the charity to register with the Scottish Charity Regulator: 

Nothing in this Constitution shall authorise an application of the property of the CIO for purposes which are not charitable in accordance with section 7 of the Charities and Trustee Investment (Scotland) Act 2005 or section 2 of the Charities Act (Northern Ireland) 2008. 

## Organisation and structure 

Angulimala, The Buddhist Prison Chaplaincy (Angulimala) is a Charitable Incorporated Organisation (CIO) governed by its constitution. Membership is open to all Buddhists who are prepared to further the purposes of the CIO. 

## Spiritual Director 

The Trustees invites and appoints a suitably qualified adherent of Buddhism to be the Spiritual Director of the CIO. 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Trustees’ Report and Strategic Review (Continued) 

## Appointment of Trustees 

The Trustees are appointed by the voting members (who must be appointed Buddhist prison chaplains). This usually takes place at the Annual General Meeting open to all members. The Board of trustees may appoint a trustee between AGMs, but then they must stand to be appointed by the voting members at the next AGM. 

## The Organisation’s Management 

Angulimala is governed by the charity trustees consisting of not less than three and not exceeding eleven Members of Angulimala as may be elected at the Annual General Meeting and includes one ex-officio trustee: The Spiritual Director. 

At present the organisation does not hold any land or own a permanent administrative centre. The organisation functions with the voluntary support of its experienced members. 

## Induction and Training of Trustees 

The trustees are elected from a pool of active working Buddhist Chaplains. Because they are active within HMPPS, they will already have been security vetted to quite a high standard and they will also be familiar with the way the Angulimala organisation works through attending the quarterly workshops. Explanation is given to new trustees, who have access to minutes of previous meetings and a copy of the Constitution. They are aware of the extensive Charity Commission Guidance and are kept up to date with the current Information. 

## Objectives and activities 

The objects of the Charity, according to its constitution, are to make available facilities for the teaching and practice of Buddhism in Her Majesty’s Prisons and other places of lawful detention or custody. Specifically: 

i) To recruit and advise a team of Buddhist visiting chaplains to be available as soon as there is a call for their services; 

ii) To act in an advisory capacity, and to liaise with Ministry of Justice chaplaincy officials, with individual chaplains within Her Majesty’s Prisons, and with any other relevant bodies or officials; 

iii) To provide an aftercare and advisory service for prisoners after release. 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Trustees’ Report and Strategic Review (Continued) 

## **Summary of the main activities undertaken and achievements** 

During the year we have lost some chaplains who resigned because of ageing or pressure of their other work.  Angulimala had just under **40** chaplains at the end of this financial year. There were six nominations to HMP Portland, Lincoln, Ranby, Humber Lewes and Buckley Hall so that we continued to be responsible for a Buddhist presence in **103** of the 123 prisons in England and Wales. Throughout this year from 6[th] April onwards, the Spiritual Director of Angulimala produced a weekly publication called Buddhist News and Musings. This was distributed by email to all the Prison Chaplaincy’s who printed it and distributed it to their Buddhist prisoners. It has been much appreciated by them and helped them through this difficult time. A number of the Buddhist chaplains have continued to visit prisons and talked to prisoners through the cell door as they have generally been confined for 23hrs a day in their cells. In a few places it was possible to talk to people by phone in their cell. Later in the year when things eased some more chaplains could visit but this has been a very unpredictable and inconsistent situation as there were new Covid outbreaks at different times in different establishments and regimes and restrictions were continuously in a state of flux. 

_The chaplains’ purpose is:_ 

- _To exercise a pastoral ministry to the whole establishment and to ensure the availability of Buddhist Teaching and Practice._ 

- _To encourage the development of Morality, Meditation and Wisdom._ 

- _To be a kalyana mitta or ‘spiritual friend’ to the registered Buddhists._ 

- _To make a Buddhist contribution to the life of the prison._ 

## _They are qualified:_ 

- _By their approval by the Spiritual Director of Angulimala_ 

- _By their commitment to living by a moral standard of at least that of the Five Precepts and must be a regular meditator._ 

- _By their competent understanding of Buddhist Teaching and Practice. They must have knowledge of Buddhist schools other than the one to which they belong and be willing to help and encourage interest in and practice of those schools when required._ 

_They are accountable to the Spiritual Director of Angulimala and for duties required by the Prison Act. They are responsible for Pastoral care of inmates and staff, including those who are already Buddhists as well as those who are inquiring or just beginning to explore an interest in Buddhism, for Individual and group instruction in the theory and practice of Buddhism and guidance with reading matter and making available Buddhist literature. They may also contribute to reports on Buddhist inmates, for example parole reports. Attendance is required of at least two of Angulimala’s quarterly training workshops each year for the first three years and then at least one a year thereafter. They are re-licensed yearly to maintain their endorsement by the Spiritual Director and they are all members of Angulimala._ 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Trustees’ Report and Strategic Review (Continued) 

During this period there have been four workshops where the chaplains have been assisted in making their Buddhist contribution within the prison system and kept up to date on a variety of issues relating to their sessional work. Because of the Covid situation these have been held online using Zoom and have been well attended. 

The Spiritual Director is a long-standing member of the Prison Service Chaplaincy Council and has extensively advised throughout the prison system on matters relevant to the practice of Buddhism in the prison system in England and Wales. However, the Council was disbanded this year and is being replaced by some other committee. 

## **Financial review** 

Angulimala has an unrestricted fund which exists to pay for such costs and expenses as may be incurred to maintain the facilities used by the charity and to further its aims and purposes. It also has another fund which is restricted and exists to provide resources and services set out under the terms of the grant from the prison service for Angulimala acting as the Buddhist Religious Consultative Service to HM Prison Service (RCS). 

## Principal funding sources 

Angulimala depends on donations and also grants. There are a number of standing orders, some members donate their expenses and there are some donations from prisoners. No salaries were paid by the charity to anyone. 

The total income in this period was £11,941 (2020 as restated: £41,781) 

## Funds in deficit 

There are no funds in deficit. 

## Unrestricted fund income and expenditure 

In 2021 Angulimala received £3,210 (2020: £1,679) from donations, subscriptions and gift aid. We are grateful to everyone who has supported us with donations. 

Expenditure is as follows: Secretarial and Office expenses: £1,124 (2020: £95) Prisoner Supplies: £2,093 (2020: £2,194) The main part of this expense was for printing and posting Buddhist calendars and creating laminated materials and leaflets for prisoners. Travel: £Nil (2020: £108) Trustees travel to meetings for Angulimala business which was not possible during COVID restrictions in the year. Insurance: £59 (2020: £117) Accountancy: £140 (2020: £60) is the accountancy cost. Bank charges: £69 (2020: £60). CIO management and trustee expenses: £Nil (2020: £199) 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Trustees’ Report and Strategic Review (Continued) 

## Religious Consultative Service Grant (restricted fund) 

We received the grant as the Buddhist Religious Consultative Service to HMPPS during this financial period for both 2018/19 and 2019/20 on 20/04/20. We would like to thank the prison service once again for their support of our work. The grant for these two years required a much greater level of administration and we would like to thank Ms. J. Hutt ACCA for her help with this. Because of the grant the accounts need to be accrual accounts as opposed to previous years cash basis accounts and need to be independently examined. 

Angulimala receives a grant from HM Prison Service to act as Buddhist Religious Consultative Service within the prison service. This money is held within a restricted fund and is used to provide resources and services as set out in the terms of the grant. It covers coming to meet for mentoring, peer support and relicensing assessment. Chaplains may also reclaim costs of attending workshops from their individual prison. We send a copy of our accounts to the Government to show how we spend the grant. It cannot be spent on Buddha Rupas for example and the trustees ensure that it has been used for the Buddhist Religious Consultative Service. 

The majority of time and resources within the charity are spent fulfilling the obligations under the grant and as such the Trustees have agreed to apportion 90% of the management and trustees’ expenses, and 90 % of the secretarial and office expenses, to this restricted fund. The remaining 10% of both expense headings are allocated as unrestricted funds as general running costs of the charity. 

This year we have expended these amounts which will be covered by the grant. 

Secretarial and Office expenses: £1,252 (2020: £2,008) are costs incurred in running Angulimala RCS. Chaplains monitoring and licencing: expense of £Nil (2020: £6,188) which covers the workshop and the claim on the grant is mainly for the travelling expenses repayment to chaplains who attended workshop. 

Travel: £Nil(2020: £1,552) This is mainly for the Spiritual Advisor, Luangpor Khemadhammo going to London for chaplaincy meetings and other travel to fulfill his advisor role. 

Hire of venue for workshops: expense of £2,600 (2020: £2,600) We donate £650 per Angulimala 

workshop to the Forest Hermitage. It is worth noting that to hire a similar room could cost at least £1000 and there is car parking, food, and an office with supplies and storage space for labeled and wrapped Buddha Rupas, books, and laminated pictures. Insurance: £532(2020: £1,057) 

Accountancy: £1,260 (2020: £540) 

CIO management and trustee expenses £8,731(£2020: £5,000) are payments in kind, reflecting the costs of administering and the day to day running of the RCS. 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Trustees’ Report and Strategic Review (Continued) 

## Public benefit 

The Charitable Incorporated Organisation makes possible the variety of activities that make Buddhist teaching available in prisons and promotes Buddhism through encouraging and facilitating the practices of its chaplains as well as supporting the role of its Spiritual Director. The trustees have paid due regard to the guidance of the Charity Commission on public benefit in carrying out these activities, in particular the specific guidance on charities for the advancement of religion. 

## Reserves policy 

Angulimala aims to hold a balance of £20,000 of unrestricted, free reserves, which is immediately accessible from the Charities Aid Foundation bank account. This is to protect the organisation from fluctuating income. 

The Trustees recognise that the unrestricted reserve is currently much higher than the stated reserves policy. At the end of the financial year Angulimala held £87,011 (2020: £72,321) within unrestricted reserves. The reason for this is that the current RCS Government grant will no longer be available and the Trustees plan to use unrestricted reserves to continue the organisations objectives while pursuing future funding opportunities. 

## Going concern 

The Trustees consider that the organisation has the ability to continue as a going concern beyond the next twelve-month period and while it explores further funding opportunities not that the government grant has been withdrawn. 

## Risk Review 

Consistent with the size of the charity, the trustees review any major risks to which the charity might be exposed and establish systems and procedures to mitigate those risks. 

Governance risks are mitigated through the charities organisational structure, the appointment of a suitably qualified Spiritual Director and a conflict-of-interest policy. 

Operational risks of liability or financial loss are covered through insurance and there is a complaints procedure in place. There is also a policy on data handling and protection to avoid data breaches and loss. 

Reputational risks are managed through the endorsement process, part of becoming appointed as a Buddhist Chaplain. In addition, all chaplains are licensed and re-licensed annually. Financial risks are addressed by the trustees and suitable safeguards are in place with regard to expenditure. The finances of the organisation are kept under regular review. The charity has sufficient reserves to continue its operations. 

External risks:  The trustees make themselves aware of current Government policies which may impact on the trusts activities in these turbulent economic times. In conjunction with our insurers, we continue to keep up to date with the laws and regulations pertinent to the charity. 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Trustees’ Report and Strategic Review (continued) 

## Coronavirus (COVID-19) 

The Pandemic started to affect the organisation in mid-March 2020, at the beginning of the financial year that this report covers. Angulimala has sufficient monetary assets to continue its work. The effect on individual chaplains’ ability to provide Buddhist services was dependent on the state of the prisons they served. The committee was able to meet online, and the quarterly workshops were also held on-line. 

## Statement of Trustees’ responsibilities 

The trustees are responsible for keeping proper books of account such as are necessary to give a true and fair view of the charity’s state of affairs and to explain its financial transactions. The trustees must also establish and maintain a satisfactory system of control of its books of account, its cash holdings and all its receipts and remittances, and hence is responsible for safeguarding the assets and taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The trustees confirm that the financial statements comply with current statutory requirements, the requirements of the charity’s governing document and the requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities. 

The Trustees’ report was approved by the Trustees on 27 October 2021 and signed on their behalf by 

Rev David Saido Kennaway Secretary 27 October 2021 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

Independent Examiner’s Report to the Trustees of Angulimala, The Buddhist Prison Chaplaincy 

I report on the accounts of the charity for the year ended 31 March 2021 which are set out on pages 11 to 19. 

## **Responsibilities and basis of report** 

As the charity trustees of the Organisation, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the Organisation’s accounts under section 145 of the 2011 Act and in carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Organisation as required by section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report ) Regulation 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or 

4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Ruth Bamford BFP FCA 

Balanced Accountancy Ltd Plestor House Business Centre Farnham Road West Liss Hampshire GU33 6JQ 

Date: 6th December 2021 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Financial Statements 

## Statement of Financial Activities 

Year ended 31 March 2021 

|**Note**<br>**Income from:**<br>Donations<br>2<br>Income from Charitable Activities<br>2<br>**Total**<br>**Expenditure on:**<br>Charitable Activities<br>3<br>**Total**<br>**Net income/(expenditure)**<br>**Net movement in funds**<br>**Reconciliation of funds**<br>Total funds bought forward<br>**Total funds carried forward**|**2021**<br>**2020 (As Restated)**<br>**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**funds**<br>**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**funds**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>3,210<br>8,731<br>**11,941**<br>1,669<br>-<br>1,669<br>-<br>-<br>**-**<br>10<br>40,102<br>40,112|
|---|---|
||**3,210**<br>**8,731**<br>**11,941**<br>1,679<br>40,102<br>41,781<br>3,585<br>14,375<br>**17,960**<br>2,773<br>18,945<br>21,718|
||**3,585**<br>**14,375**<br>**17,960**<br>2,773<br>18,945<br>21,718|
||(375)<br>(5,644)<br>**(6,019)**<br>(1,094)<br>21,157<br>20,063|
||(375)<br>(5,644)<br>**(6,019)**<br>(1,094)<br>21,157<br>20,063|
||87,386<br>25,137<br>**112,523**<br>88,480<br>3,980<br>92,460|
||**87,011**<br>**19,493**<br>**106,504**<br>87,386<br>25,137<br>112,523|



All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. 

The Notes on pages 13 to 19 form part of these financial statements 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Balance Sheet 

## As at 31 March 2021 

|Note<br>**Fixed assets**<br>Fixed asset investment<br>4<br>**Current assets:**<br>Debtors<br>5<br>Cash at Bank<br>**Total current assets**<br>Creditors: amounts falling due within one year<br>5<br>**Net current assets or liabilities**<br>**Total net assets**<br>**The funds of the charity**<br>Restricted<br>7<br>Unrestricted<br>7<br>**Total charity funds**|**Total Funds**<br>**Total Funds**<br>**(As Restated)**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>100<br>100<br>-<br>40,102<br>107,229<br>72,321|
|---|---|
||**107,229**<br>**112,423**<br>(825)<br>-|
||**106,404**<br>**112,423**|
||**106,504**<br>**112,523**|
||19,493<br>25,137<br>87,011<br>87,386|
||**106,504**<br>**112,523**|



The Notes on pages 13 to 19 form part of these financial statements 

Approved by the Trustees on 27 October 2021 and signed on their behalf by: 

Dominic Clark Treasurer 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Notes to Financial Statements 

## 1. Accounting policies 

## 1.1. Statutory Information 

Angulimala, The Buddhist Prison Chaplaincy, is registered as a charitable incorporated organisation with the Charities Commission of England and Wales and with the Scottish Charities Commission as of 3 August 2021. Its registered office is The Forest Hermitage, Lower Fulbrook, Warwickshire, CV35 8AS. 

## 1.2. Basis of preparation 

The financial statements have been prepared on a going concern basis and in accordance with applicable Accounting Standards in the United Kingdom, including the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP), Financial Reporting Standard 102 (FRS 102) and in accordance with the Charities Act 2011, using applied accounting policies. 

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. 

This represents a change in the basis of preparation from prior years where receipt and payment accounts were presented in accordance with Charities Commission guidance CC16a. A grant was received into the bank account during April 2020 which meant the organisation exceeds the income limits for receipt and payment accounts for the year ended 31 March 2021. 

## 1.3. Public benefit entity 

The organisation meets the definition of a public benefit entity under FRS 102. 

## 1.4. Going concern 

The Trustees consider that there are no material uncertainties about the organisations ability to continue as a going concern. 

The Trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. 

## 1.5. Income 

Recognition of income takes place in accordance with applicable accounting policies and results are presented in accordance with SORP and FRS 102. All incoming resources are included in the Statement of Financial Activities (SoFA) when it is probable that the income will be received and that the amount can be measured reliably. 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Notes to Financial Statements (continued) 

## 1.5. Income (continued) 

Grants and donations are recorded in the period in which they are received, or the Charity is entitled to the income. Any donations tied to a particular purpose are credited to restricted reserve. 

Income from revenue grants and other grants are credited to the Statement of Financial Activities when received or receivable. Where unconditional entitlement to grants receivable is dependent on fulfilment of conditions within the Charity's control, the incoming resources are recognised when there is sufficient evidence that conditions will be met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. 

## 1.6. Gifts and services in kind 

Donated expenses from volunteers are recognised as income when the charity has control over the item, it is probable that the item will be donated, and that economic benefit can be measured reliably. 

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. 

The value of services provided by volunteers has not been included in the Statement of Financial Activities. 

## 1.7. Interest receivable 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. 

## 1.8. Fund accounting 

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. 

Unrestricted general funds are donations and other incoming resources received or generated for the charitable purposes. The General Fund has to provide for the net deficit of any activities that have inadequate income of their own and for the general administration of the Charity. 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Notes to Financial Statements (continued) 

## 1.9. Expenditure and irrecoverable VAT 

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and that the amount of the obligation can be measured reliably. Resources expended include attributable VAT which cannot be recovered. Expenditure is classified under the following activity headings: 

## 1.10. Allocation of support costs 

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the overhead costs of the central function, is apportioned on the basis of project expenditure. 

The Trustees have consistently applied a 90% allocation of overhead and support costs to the restricted fund for HM Prison and Probation Service as the implementation of this work is the single priority for Angulimala. 

## 1.11. Fixed Asset investments 

Fixed asset investments are recognised at fair value. The organisation owns shares in a single dormant company the value of which is held at historical cost. 

## 1.12. Debtors 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## 1.13. Cash at bank and in hand 

Cash balances exclude any funds held on behalf of service users. 

## 1.14. Creditors and accruals 

Creditors and accruals are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and accruals are normally recognised at their settlement amount after allowing for any trade discounts due. 

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. 

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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Notes to Financial Statements (continued) 

2. Income 

||||**2021**|||**2020**||
|---|---|---|---|---|---|---|---|
||||||**(As**|**Restated)**||
|||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|||**£**|**£**|**£**|**£**|**£**|**£**|
||Donations|3,210|-|**3,210**|1,669|-|1,669|
||Gifts in kind|-|8,731|**8,731**|-|-|-|
||Income from charitable activities|||||||
||- Grant from HM Prison and Probation Service|-|-|**-**|10|40,102|40,112|
|**Total**||**8,731**|**3,210**|**11,941**|1,679|40,102|41,781|
|3.|Analysis of Expenditure|||||||
|3a Charitable activities||||||||



||||**2021**||**2020**||
|---|---|---|---|---|---|---|
||**Direct**|**Governance and**|**Total**|Direct Project|Governance and|Total|
||**Project costs**|**support costs**||costs|support costs||
||**£**|**£**|**£**|£|£|£|
|Prisoner and chaplain supplies|2,093|-|**2,093**|2,194|-|2,194|
|Chaplains mentoring and licensing|-|-|**-**|6,188|-|6,188|
|Travel|-|-|**-**|1,552|108|1,660|
|Hire of venues and facilities|2,600|-|**2,600**|2,600|-|2,600|
|CIO Management and Trustees expenses|9,263|59|**9,322**|6,057|316|6,373|
|Legal and professional|1,260|140|**1,400**|540|60|600|
|Secretarial and office expenses|1,252|1,224|**2,476**|2,008|95|2,103|
|Bank charges|-|69|**69**|-|-|-|
|**Total**|**16,468**|**1,492**|**17,960**|21,139|579|21,718|



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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Notes to Financial Statements (continued) 

## 3b Governance and support costs 

||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Independent examiner|140|-|
|Accountancy|-|60|
|CIO Management and Trustees expenses|59|316|
|Travel|-|108|
|Bank charges|69|-|
|Secretarial and office expenses|1,224|95|
|**Total**|**1,492**|579|



The charity Trustees were not paid or received any other benefits from employment with the charity in the year (2020: £Nil). No charity Trustee received payment for professional or other services supplied to the charity (2020: £Nil). No charity Trustee received payment or reimbursement of travel and subsistence costs incurred by members relating to attendance at meetings of the Trustees. 

## 4. Fixed Asset Investment 

||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Shares in Angulimala Ltd|100|100|
|**Total**|**100**|100|
|5. Debtors|||
||**2021**|**2020**|
|||**As Restated**|
||**£**|**£**|
|Debtors|-|40,102|
|**Total**|**-**|40,102|
|6. Creditors|||
||**2021**|**2020**|
||**£**|**£**|
|Accruals|825|-|
|**Total**|**825**|-|



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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Notes to Financial Statements (continued) 

## 7. Movement in funds 

|Movement in funds|||||||
|---|---|---|---|---|---|---|
|**2021**||||||**2021**|
||At the|Incoming|Outgoing|Transfers||At the end|
||start of|resources|resources|||of the|
||the year|||||year|
||£|£|£||£|£|
|**Restricted Funds**|||||||
|HM Prison & Probation|25,137|8,731|(14,375)||-|**19,493**|
|Service Grant|||||||
||______|______|_______|______||______|
|Total Restricted funds|**25,137**|**8,731**|**(14,375)**||-|**19,493**|
|**Unrestricted funds**|||||||
|_General funds_|87,386|3,210|(3,585)||-|**87,011**|
||______|______|_______|_______||______|
|**Total Unrestricted Funds**|**87,386**|**3,210**|**(3,585)**||**-**|**87,011**|
||**______**|**______**|**_______**|**_______**||**_______**|
|**Total funds**|**112,523**|**11,941**|**(17,960)**||**-**|**106,504**|
||**______**|**______**|**_______**|**_______**||**_______**|
|**2020 (As Restated)**||||**2020**|**(As Restated)**||
||At the start|Incoming|Outgoing|Transfers||At the end|
||of the year|resources|resources|||of the year|
||£|£|£|£||£|
|**Restricted Funds**|||||||
|HM Prison & Probation|3,980|40,102|(18,945)|-||25,137|
|Service Grant|||||||
||______|_______|_______|______||______|
|Total Restricted funds|**3,980**|**40,102**|**(18,945)**|**-**||**25,137**|
|**Unrestricted funds**|||||||
|_General funds_|88,480|1,679|(2,773)|-||87,386|
||______|______|______|______||______|
|**Total Unrestricted**|**88,480**|**1,679**|**(2,773)**|**-**||**87,386**|
|**Funds**|||||||
||______|______|______|______||______|
|**Total funds**|**92,460**|**41,781**|**(21,718)**|**-**||**112,523**|
||**______**|**______**|**______**|**______**||**______**|



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Angulimala, The Buddhist Prison Chaplaincy Annual Report and Financial Statements Year ended 31 March 2021 

## Notes to Financial Statements (continued) 

## 8. Analysis of net assets between funds 

||||**2021**||**2020 (As**|**Restated)**|
|---|---|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Fixed Asset Investments|100|-|**100**|100|-|100|
|Net current assets|86,911|19,493|**106,404**|87,286|25,137|112,423|
|**Net assets at the year end**|**87,011**|**19,453**|**106,504**|87,386|25,137|112,523|



## 9. Taxation 

The CIO is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 

## 10. Prior Period Adjustment 

The Trustees changed the basis of accounting for the year ended 31 March 2021 from cash accounting to accruals basis. This was due to the receipt of a grant in April 2020 from HM Prison & Probation Service taking the CIO above the turnover threshold for simple receipts and payments accounts. 

The change to accruals basis has meant the grant should have been recognised in the year ended 31 March 2020 as Angulimala was entitled to receive the money, it was probable it was going to be received, and the amount of the grant could be measured. 

The previously reported figures for the year ended 31 March 2020 under the receipts and payments accounts have therefore been restated as if the prior year had also been reported using the accruals method. 

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